Private Equity Fund Accounting & Administration, Officer

State Street•Clifton, NJ

About The Position

State Street’s Alternative Investment Solutions business group provides administrative fund services to hedge fund and private equity managers. The Private Equity team delivers customized services for closed-end investment funds with varied portfolio investments, including hybrid hedge and private equity products. The PE NAV role serves as a hub for administrative services and works with functional teams such as trade operations, investor services, custody, tax, and financial reporting in local and global locations. As a Fund Accounting & Administration Officer, you will supervise staff, manage internal workflows and client deadlines, and maintain client relationships through daily communication. You will review quarterly and annual financial workpapers and statements, coordinate annual audits, and review or prepare complex fee calculations and capital account allocations.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 5 to 6 years of private equity experience.
Strong critical-thinking, problem-solving, and decision-making skills.
Ability to lead within the team and among peers.
Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization.
Demonstrated initiative and ability to perform under pressure while handling multiple assignments.
Ability to multitask and work efficiently to meet client deliverables.
Ability to thrive in a high-pressure, deadline-driven environment.

Nice To Haves

Experience with alternative investment asset classes, complex fund structures, and fee calculations.
CPA qualification; favorable but not required.
Experience with Investran or Geneva; favorable but not required.
Investran experience is preferred.

Responsibilities

Supervise Associate 1, Associate 2, and Senior Associate staff.
Manage internal workflow and client deadlines.
Manage client relationships and liaise with client personnel daily.
Maintain good working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
Review quarterly and annual financial workpaper packages, including portfolio schedules, accruals, and partner capital allocations.
Review quarterly and annual financial statements and footnotes, and coordinate annual audits.
Review and/or prepare complex fee calculations, including management fees, waterfalls, and capital account allocations.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage, including basic life, medical, dental, vision, and long-term disability, with optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with some sales-role exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.